The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I don't think that we'll be waiting a couple years to 10 bag. Once licenses, expanded resources and funding in place - we will already be there. Could be less than 6 months away. There are always super conservative types on these boards who (trading) go in and out faster than a porn star. I expect to see life changing returns for many people invested at this stage.
@Parker - agreed.
While it was a good interview I think Greg was softening the investors up for nothing to be announced for a couple of weeks. I'd love to be proved wrong but anything before the 15th is a bonus, but it does sound as if he has it in hand.
The disappointment from the interview is the timescales, production in Q1 of 2026, so almost 2 years from now was longer than I was hoping for.
I'm sure we are going to see ups and downs in the SP until then, surges at JV announcement/licence confirmation/resource increase followed by the herd arriving and regular sell offs after.
However, if we are all chasing the 10 bagger from these levels, it looks like we are going to have to sit tight for a couple of years and hope nothing material changes in Sri Lanka politically and we can carry on as planned.
Still huge credit to Greg though for all the work he has done to get us to this stage. More patience required though to see this through.
GLA.
Finally finished listening and think great interview, by sounds of it all points to LB -
- equity funding only (which is exciting to hear from a project perspective) and as mentioned earlier don’t think SR can equity fund this with their cash flow
- states SR will be there anyway (so they will likely be happy) and also their thunderbird mineral sands project sounds similar funding deal with Yansteel (who equity funded most of it I believe)
- states working through the paperwork and being a joint venture agreement should make final Run throughs/ checks quicker so hopeful of the before mid May announcement.
Roll on the next few days!
Also side note echo the message that this board has been good conversation and people making fair points.. when the news hits will no doubt attract the usual types so hopefully we don’t lose the excellent discussions (at least we know long term where the company can go!)
All the best.
The funding will unlock a minimum 10 bagger from these levels. No way SR would put there money in if they didn't believe in the project. I can't believe we can still buy at these levels.
Working my way through interview slowly (and re listening again to bits!) so apologies only 6 mins or so in but does feel like he let slip LB group coming in then rewords to if they do.. all very exciting and will continue my listening!
16m market cap lads. there’s drillers with no possible funding on the horizon with higher caps than this
Svml is the most illiquid shard i’ve ever seen.
I compare this in a sense to when KOD got their 100m funding for 50% JV. It shot up fast from 30m.. went well over 100m at one point, and is still sat at 89m and it’s similar construction length etc.. maybe longer
Why wouldn't there be a decent rerate to £80M? I've seen it happen before.
Amazing interview for better context.
I love this point - drilling mostly averaging undertaken to 3m due to hitting the water table in places. We know in some areas the HMC is down to 14m. More exploration capable now due to more money available.
In all honesty if I wasn't already invested that interview wouldn't convince me there are better opportunities elsewhere, svml for example currently undergoing DFS with Rio taking a 15% stake and the largest rutile deposit on the planet.
2026 is a long time off in SL, anything could happen all over again.
Still, hoping there will be a spike around the jv announcement.
Next 10/20 bagger is Orcadian Energy - ORCA
you tube that
dyor
I get it Parker, feet the ground...........
very very worst case someone with deeper pockets will T/O and i get the feeling Shareholders wont accept less than 20p.........
Me too but im sure iwill be off by then unless the dividend is decent.
at £1.25 i walk with £7M for my £130+ k input.......luckily i managed to average down a while back when i went F&%K it......lets gamble. lol
Link us up Ando.
Let's see the contract first and spades in the ground before we start planning a meet up.
However, if this goes the way we are all hoping I am more than happy for beers with all here!
I'd accept £2:50. The drilling will give a clearer view of the size of the resource. It's massive, I've always thought that this could go £1-1.5B.
Its been a pleasure going through this with you guys, its been kept pretty reasonable with no nastiness (im on other boards where its toxic)
i wish you all the very best for the future spending your wealth and in 12 months we should meet up for a beer, ......ok,ok i will get them in.
when the bairns ask were dad , grandad , mum , granny got his/her money just tell them you found it on a beach in a little country in the middle of the ocean.
great story and true. lol
Ando
Anyone on REDDIT lol
CMET is leaky and its coming from the CEO.....hahaha
Deal is done
if the company value is , lets say between 160 & 230...so lets say 200 million of course, as it stands and clear margin on this project annually as it stands is 8.3m .
when we get other exploratory licences for increased area, another 37k2 km and can go to depths of 20m instead of 5 the math says that the companies minable land just increased in size by a factor of 8. so with the most pessimistic view ive ever taken then a cheap valuation is 400m, just double this single project value with potential to annually have a margin of 64m+............its a no brainer for a 350m T/O with a return on investment of a measly 5 years.
the company has no debt.
we shareholders should expect an offer on T/Oof about £1.25 and im conservative here.
Ando - dyor
A confident looking Greg, and why not? Lots of upside, great profit margin, they want in. We just have to be patient with first production first quarter 2026. The figures will eventually translate into the share price, but in the meantime we just have to wait. Low risk high reward share.
Fat fingers chose the sell not buy :-( apologies
Sounds very much like it will be Sheffield to me - why would LB take it to the wire if they completed their DD months ago!
You expect delays with CMET.
Brilliant interview. I really like how Greg comes across, no BS, straight talking, get stuff done kind of guy.
Hopeful of deal done before 15th of May.
Onwards and upwards
Sorry meant Q1 2026